The Certified Financial Planner Board of Standards Inc on Friday placed Oren Eugene Sullivan Jr. under interim suspension, keeping the ex-broker from using its credentials.
It's been a rough few weeks for Toyota Motor Corp. what with its recall of some 8 million automobiles due to faulty accelerators. Beyond the recall, Toyota didn't help itself with the way it handled the situation, with critics claiming the company was slow and not overly forthright in its response to the problem. Indeed, the once sterling image of the car maker has taken a shellacking in recent weeks. Lawmakers are probing the recall, consumer groups are angry, and tort lawyers are lining up to launch suits against the company. While financial advisers may not have to deal with a crisis of this magnitude, they often face problems involving their firms' credibility and reputation. Failing to handle the situation properly can have disastrous results, said Jane Ingalls, founder and president of Artemis Communications, who has coached financial advisory firms on crisis management. “As painful as it is to watch, the Toyota recall offers key lessons on crisis management,” Ms. Ingalls said.
Forty-two percent of surveyed reps plan to boost such spending, while 41% plan to cut spending on bonuses.
If you're planning to sell your practice, or you just want to build it up, be advised: there are number of ways to increase what a firm is worth
In a bid to confound counterfeiters, a new C-note will be unveiled next month
Firm failed to properly oversee a rep who allegedly duped two Florida municipalities, says SEC
Finding the right person to carry on the torch at your firm is difficult — if not downright impossible
The Jones family is in need of financial advice in a major way. InvestmentNews wants to know how you would advise this made-up 30-somethings couple, the first case study of a four-part series on lifestage investing.
Because financial products generally are sold and not bought, financial services companies traditionally have been great sales machines and lousy marketers.
Advisers are poised to expand their businesses this year — and are feeling good about their prospects — according to a new survey. What's more, most have high job satisfaction.
The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
HighTower Advisors LLC chief Elliot Weissbluth last week shrugged off a “lift-out” lawsuit filed against the firm last month by Morgan Stanley Smith Barney, calling it baseless.
Many financial advisers who attended the Technology Tools for Today conference last week are looking to squeeze as much money as they can from their precious technology budgets.
In an attempt to pull further away from the transactional nature of annuity sales, brokerage executives are using tools to help their financial advisers fit product sales into a planning context.
During a recent visit to a financial services firm, attorney and consultant Brian Hamburger came across an adviser who wasn't sending disclosure statements to clients.
An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.
Although the number of brokers who change jobs in 2010 won't approach the level seen during the financial crisis, expect this to be a good year for broker recruiting.
Morgan Keegan & Co Inc. has lost another arbitration case stemming from a blow up of its bond funds to a former professional athlete, this time liable to a former NBA all-star for $1.45 million in damages.
